- Denison Mines (NYSE:DNN +6.9%) says successfully secured 2.5M lbs. of uranium concentrates at a weighted average price of $29.61/lb. and a total cost of $74M, as part of its project financing initiative in support of the future advancement of the Wheeler River uranium project.
- Denison says its physical uranium holdings will represent a sizeable asset, with a current market value of $78M comprising more than one-third of the company's expected share of Wheeler River's initial capital costs.
- "This investment in uranium enhances the long-term financial stability of the company, as we advance towards a definitive development decision for the project," Denison says.
- Uranium Energy Corp. also recently entered into agreements totaling $10.9M to buy 400K lbs. of U3O8 uranium concentrates.